The U.S. Trustee assigned to the J.G. Wentworth case filed with the U.S. Bankruptcy Court an objection to the Debtors’ Joint Pre-Packaged Plan of Reorganization. The Trustee asserts, “The United States Trustee recognizes that this Plan is supported by 100% of the impaired creditors who voted. The Debtors have worked with the United States Trustee…

Breitburn Energy Partners filed with the U.S. Bankruptcy Court a Third Amended Joint Chapter 11 Plan (with technical amendments). According to documents filed with the Court, “The Technical Amendments constitute technical changes and clarifications and do not materially adversely affect or change the treatment of any Claims or Interests…except as expressly amended by the Technical…

The U.S. Trustee assigned to the Global Brokerage case filed with the U.S. Bankruptcy Court an objection to the Company’s Prepackaged Plan of Reorganization and related Disclosure Statement. The Trustee asserts, “First, the Debtor has not established that certain broad releases given by the Debtor under the Plan, and which greatly benefit the non-debtor affiliates,…

Year-end analysis by New Generation Research’s BankruptcyData indicates that the uptick in public* company bankruptcy filings since 2014 reversed this year, with 2017’s bankruptcy count decreasing 28%. That reduction marks a sharp departure from the respective 25% and 48% gains seen in 2016 and 2015. Despite this year’s decline, many economic analysts, including George Putnam—Publisher…

Armstrong Energy filed with the U.S. Bankruptcy Court a Second Amended Joint Chapter 11 Plan of Reorganization, which notes, “On the Effective Date, any Remaining Collateral or Remaining Collateral Proceeds that are not used to fund the Distribution Reserve Accounts in accordance herewith in excess of $1.5 million shall be distributed to Holders of Allowed…

Golfsmith International Holdings filed with the U.S. Bankruptcy Court a fourth motion for entry of an order extending the exclusive periods during which only the Debtors may file a Chapter 11 plan and solicit acceptances thereof through and including March 14, 2018 and May 14, 2018, respectively. The motion explains, “The Debtors are seeking the…

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